Life Insurance to Fit Your Needs

Your family is everything to you and securing their future is one of your top priorities. With Life insurance you can protect your family in the event of the unexpected and get the peace of mind you need knowing there is a safety net in place. At Ritter Insurance Agency, LLC, we offer various Life insurance options to address your needs and help you plan ahead.

Choosing A Life Insurance Policy

Life insurance is one of the most important investments you can make. It’s an investment in yourself and the future of your loved ones, and it’s a way to secure your financial responsibilities to your family. Following are some of the Life policies available to you:

Term Life Insurance

A Term Life policy provides coverage for a fixed amount of time. Typically, the earlier in life you buy a policy, the less expensive it is. Term insurance serves as a cushion and invaluable protection plan if you should die prematurely. From the time the first monthly premium is paid until the last, your beneficiary is entitled to the full amount of coverage in the event of your death. Individuals typically buy Term Life insurance to cover the cost of living for their families, as well as large expenses like college tuition.

Whole Life Insurance

A Whole Life policy will pay your beneficiaries a specific amount of money upon your death. The main difference between Term and Whole life insurance policies is that Term policies provide coverage for a set period (10 or 20 years, for example), whereas Whole Lie insurance pays its benefit as long as premiums have been paid. The principal benefits of a Whole Life policy include: provides protection for life; the rate you pay for your policy will not increase; a portion of your premium builds cash value, which you can borrow against; and there is a guaranteed death benefit for your loved ones.  

Mortgage Protection Insurance

Mortgage Protection insurance will help keep your family in the house they call home. It’s a simple, affordable way to safeguard your family against the financial burden of an outstanding mortgage by helping to pay off the remaining balance up to a specified amount in the event of your death.

Second-to-Die Life Insurance

A Second-to-Die Life policy covers two individuals, typically a married couple. The policy’s death benefit is only paid after both insured individuals die. While this type of coverage is most used for estate protection, parents of children with special needs can provide funds for living and care should anything happen.

Of course, it’s important to review your Life insurance to reflect any changes to your financial and insurance needs. Our specialists at the Ritter Insurance Agency will perform a review with you to make sure your policy reflects life changes that may include things like a new job position, a change in marital status, the birth of grandchildren, etc.